The Federal Government has reaffirmed its commitment to restoring financial stability in Nigeria’s power sector, urging investors to support the second bond issuance under the Presidential Power Sector Financial Reforms Programme (PPSFRP).
Speaking at the Investor Forum for the Series II Bond Issuance in Abuja, the Special Adviser to the President on Energy, Mrs. Olu Arowolo Verheijen, said the Tinubu administration is transforming the power sector from a financially distressed industry into a credible and investment-ready market.
She noted that the reforms are designed to improve liquidity across the electricity value chain, strengthen operational performance, and restore investor confidence through disciplined policy implementation and the fulfilment of government obligations.
According to Verheijen, the first phase of the programme delivered on its objectives, with the Federal Government deploying about ₦501 billion in February 2026 to settle part of the verified legacy debts owed to electricity generation companies. She added that ₦333.12 billion has so far been paid to eight participating generation companies covering 17 power plants, while the first bond coupon of ₦63.5 billion was paid in full on July 14, 2026.
She described the timely settlement as evidence of the government’s commitment to honouring contractual obligations, stressing that investor confidence is built on consistent performance rather than promises.
The Presidential adviser explained that the Series II Bond Issuance will further settle verified legacy obligations, strengthen cash flow across the electricity value chain, and create a more stable investment environment capable of attracting long-term private capital into Nigeria’s power sector.
She urged investors to see the programme not merely as a financial instrument but as an opportunity to support reforms aimed at improving electricity supply, enhancing payment discipline, and driving sustainable economic growth under the Renewed Hope Agenda.
